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Growing Bitcoin company Circle has secured $50 million in funding in an investment round co-led by the famous Goldman Sachs and IDG Capital Partners, a Chinese venture firm. The crypto-startup, based in Boston (United States), managed to impress the big sharks of finance, completely changing their minds about Bitcoin. A year ago, Goldman Sachs publicly said that BTC wasn’t […]
Is GDPNow an official forecast of the Atlanta Fed or the Bank’s president? No, it is not an official forecast of the Atlanta Fed, its president, the Federal Reserve System, or the FOMC. Is any judgment used to adjust the forecasts? No. Once the GDPNow model begins forecasting GDP growth for a particular quarter, the code will not be adjusted until after the “advance” estimate. If we improve the model over time, we will roll out changes right after the “advance” estimate so that forecasts for the subsequent quarter use a fixed methodology for their entire evolution. When will forecasts of GDP growth in a particular quarter start being made? About 90 days before the “advance” estimate for GDP growth for the quarter is released. GDPNow forecasts begin the weekday after the BEA’s “advance” estimate of GDP growth for the previous quarter is released. For example, the advance estimate of real GDP growth in the fourth quarter of 2013 was released on January 30, 2014. The GDPNow forecasts for real GDP growth in the first quarter of 2014 were tracked from January 31, 2014, until the day before the “advance” estimate released on April 30, 2014. How frequently is the GDPNow forecast updated? The model forecast is updated five or six times a month on weekdays, with at least one following six data releases: Manufacturing ISM Report on Business, U.S. International Trade in Goods and Services (FT900), Monthly Retail Trade Report, New Residential Construction, Advance Report on Durable Goods Manufacturers, and Personal Income and Outlays. Other data releases, such as Wholesale Trade andExisting-Home Sales, are incorporated in the model as well and their impact on the model’s forecast will be shown on the weekday after one of the six data releases. The proprietary forecasts from Blue Chip Economic IndicatorsOriginally appeared at: http://davidstockmanscontracorner.com/the-scariest-spreadsheet-in-fed-possession-just-revealed-a-very-scary-number-for-q2-gdp/The “Scariest Spreadsheet In Fed Possession” Just Revealed A Very Scary Number For Q2 GDP is a story from: BitcoinWarrior.net
The “Scariest Spreadsheet In Fed Possession” Just Revealed A Very Scary Number For Q2 GDP is a story from: BitcoinWarrior.net
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News powered by Bitcoinist.net Article by Sean Wince Robocoin, an early bitcoin ATM manufacturer, is rebranding itself as Romit and debuting new software aimed at the international remittance market. The features will go live at existing Robocoin ATMs around the world, as well as internet-enabled cashiers who install the Romit application. The technology leverages the bitcoin blockchain in order to provide cheap money transfers at rates competitive with Western Union and MoneyGram. Also read: Casinos, Las Vegas Bitcoin ATMs Robocoin was one of the earliest entrants in the bitcoin ATM space, releasing its first machine in October 2013. It was the first time customers could visit a physical location that would allow them to buy and sell bitcoin for cash. Since then, the company has faced challenges, such as strict know-your-customer requirements and shipping delays for some machine operators. Now, the company is taking a somewhat different approach with their business. With the debut of the Romit remittance software and parallel rebranding, Robocoin is making an aggressive play on international money transfers. The product uses blockchain technology to facilitate cheap, instant transfers of cash without making customers deal with bitcoin themselves. Cash goes in and cash comes out — the blockchain handles the rest in the background. Screenshot of money transfer using Romit. The sender simply enters the phone number and location of the person they want to send it to, and the machine handles the rest. It automatically notifies the receiver via SMS message and gives the location of the nearest Romit-enabled machine where they can withdraw. The person receiving the money goes to pick it up, verifies their identity, and receives the cash in their localOriginally appeared at: http://insidebitcoins.com/news/robocoins-romit-software-tackles-remittance-market/32148Robocoin’s “Romit” Software Tackles Remittance Market is a story from: BitcoinWarrior.net
Robocoin’s “Romit” Software Tackles Remittance Market is a story from: BitcoinWarrior.net
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Jeremy Allaire, founder and CEO of Circle who wants to make Bitcoin as widely available as the dollar.
Boston bitcoin startup adds $50M from Goldman Sachs, IDG is a story from: BitcoinWarrior.net
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On Wednesday, it was announced that Goldman Sachs Group Inc. invested in a $50 million fundraising round in Bitcoin-focused start-up dubbed Circle Internet Financial Ltd which aims at “enabling greater ease-of-use in online and in-person payments, enhanced security and privacy for consumers, and the convenience of free, instant, global digital money transfers.” The round was co-led by IDG Capital Partners, and included such investors as Breyer Capital, Oak Investment Partners, General Catalyst Partners, and Accel Partners from which Circle had previously received investments. Bloomberg Business reports that the round brought Circle’s total funding to $76 million. In a telephone interview, Jeremy Allaire, co-founder and chief executive of Circle, said that it “is a material step-up in valuation from our past financing”, but he refused to speak about the specific value. “Having a franchise like Goldman Sachs as an investor, who has done due diligence, is a vote of confidence,” said Mr. Allaire. The statement made by Thomas F. Jessop, the head of the principal strategic group at Goldman, didn’t include any comments on Bitcoin. According to Mr Jessop, the company views “significant opportunities in companies and solutions that have the promise to transform global markets through technical innovation.” It’s necessary to mention that in March Goldman issued a report regarding Bitcoin’s potential. The research report says that Bitcoin as an alternative currency is strongly overrated, but it might have a future as a payment technology. “Although Bitcoin and other crypto-currencies are still in the early stages of development, they could gain traction once clear use cases become more established,” says the report. Actually, in the U.S. lots of Bitcoin start-ups are having problems when trying to open bank accounts. In fact, almost the only American bank which was willing to collaborate with Bitcoin firms was Silicon Valley Bank. Unfortunately, it’s still unclear for plenty of banks how bank regulatorsOriginally appeared at: http://www.coinspeaker.com/2015/04/30/goldman-sachs-invest-in-circle-9046/Goldman Sachs Teams Up with IDG to Invest $50m in Circle Internet Financial is a story from: BitcoinWarrior.net
Goldman Sachs Teams Up with IDG to Invest $50m in Circle Internet Financial is a story from: BitcoinWarrior.net
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The controversial investment firm, Goldman Sachs, has laid down its first bet on a Bitcoin company participating in the latest investment round…
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The Flash Crash Trader Has Strong Defense Witnesses By Pam Martens and Russ Martens: April 29, 2015 Prosecutors from the U.S. Justice Department have already lost their case in the court of public opinion against Navinder Singh Sarao, the man they allege fueled the Flash Crash in the stock market on May 6, 2010, trading from his bedroom in his parents’ house in the U.K. Yesterday, Terry Duffy, Executive Chairman of the CME Group and the man who sits atop the futures market … Continue reading → – The Flash Crash Trader Has Strong Defense Witnesses is a story from: BitcoinWarrior.net
The Flash Crash Trader Has Strong Defense Witnesses is a story from: BitcoinWarrior.net
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By Jeff Thomas at Doug Casey’s International Man Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.” And so, in future, people in France will not be allowed to make cash payments exceeding €1,000 (down from €3,000). Additionally, cash deposits and withdrawals totaling more than €10,000 per month will be reported to Tracfin—an anti-fraud and money laundering agency. Currency exchange will also be further restricted. Anyone changing over €1,000 to another currency (down from €8,000) will be required to show an identity card. Do you need to make a deposit on a car? That might be suspect. Did you just deposit a dividend you received? It might be a payment from a terrorist organisation. Planning a holiday and need some cash? You might need to be investigated for terrorism. And France is not alone. In the US, federal law requires banks to file a “suspicious activity report” (SAR) on their customers whenever a customer requests a suspicious transaction. (In 2013, 1.6 million SAR’s were submitted.) As to what may be deemed “suspicious,” it may be any transaction of $5,000 or more, but it may also mean a series of transactions that, together, exceed $5,000. The reader may be saying to himself, “But that’s just normal, everyday banking business—that means anybody, any time, could be reported.” If so, he would be correct. Essentially, any banking activity the reader conducts could be regarded as suspect. In Italy, in 2011, Prime Minister Mario Monti began working to end the right ofOriginally appeared at: http://davidstockmanscontracorner.com/the-government-war-on-cash-its-going-global/The Government War On Cash—-Its Going Global is a story from: BitcoinWarrior.net
The Government War On Cash—-Its Going Global is a story from: BitcoinWarrior.net
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As an MIT educated computer science and economics entrepreneur, Blake Anderson has managed multiple information technology projects with a focus on infrastructural and math-based security for Fortune 50 corporations. Having completed more than 200 enterprise-scale information projects, his work in security has provided millions of end users with the means to secure the most valuable data on Earth. He has also resided in Austria while researching 3D tangible assembly automation Among Blake’s interest are individualism, capitalism, economics and motivating himself as well as others. While working for a Fortune 25 bank as an ITPM for encryption and cryptographic services, Blake first learned about Bitcoin. After reading the white paper, Blake quit his job for Bitcoin. Blake recently moved to San Francisco, from St. Paul, Minnesota, to further the development of Bitcoin and its ecosystem. What is your experience in cryptography? I worked for math based security project management at a Fortune 50 bank and was exposed to state of the art security practices/standards/functions. New standards were not being quickly implemented to an effective operational level. The problems with implementing said technologies were not with the department in which I worked but the fundamentally insecure ways in which money and banking work. I predicted the JP Morgan Chase hack and continue to believe that it was much more severe than they are willing to admit. My experience in cryptography is that it keeps getting better but isn’t able to be implemented correctly in most legacy situations. Why did you first believe Bitcoin was bad? When I first heard about it I wasOriginally appeared at: https://www.cryptocoinsnews.com/fortune-50-decentralized-autonomous-corporations-blake-anderson-state-bitcoin/From The Fortune 50 To Decentralized Autonomous Corporations – Blake … is a story from: BitcoinWarrior.net
From The Fortune 50 To Decentralized Autonomous Corporations – Blake … is a story from: BitcoinWarrior.net
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The growing popularity of digital currencies has opened the door for a new type of criminal activity on the internet. Much like early computer viruses and malware, new hacking techniques have enabled criminals to steal from users’ wallets and set up bitcoin-based scams without being easily detected. The lack of protection against such crimes has prompted the Anti-Phishing Working Group (APWG) to hold a conference at the end of May at which some of the world’s leading cybercrime experts will discuss how to deal with these growing threats. Spreading Awareness The APWG announced this week that it would hold its 2015 Symposium on Electronic Crime Research from May 26-29 in Barcelona, Spain. This year, the group’s symposium will include dedicated talks on cryptocurrencies and the safety concerns that surround them. APWG Chairman David Jevans said that the conference is designed to “give attendees the knowledge they need to understand the risks and the new security approaches for handling cryptocurrencies.” Related Link: Coinbase Expands Into UK Targeted Events In an effort to attract digital currency enthusiasts, the APWG has planned several activities aimed at cryptocurrency firms and users. Among other things, attendees can listen to COO of Gem Ken Miller discuss best practices for bitcoin security, take advice regarding cryptocurrency handling from law enforcement agencies like the FBI and the Spanish eCrime Police unit, or hear a panel discussion on the challenges bitcoin firms face fromOriginally appeared at: http://www.benzinga.com/news/15/04/5460213/bitcoin-security-conference-planned-for-may-2015Bitcoin Security Conference Planned For May 2015 is a story from: BitcoinWarrior.net
Bitcoin Security Conference Planned For May 2015 is a story from: BitcoinWarrior.net
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